Florence Area Swim Club

Analysis

Florence Area Swim Club is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Florence Area Swim Club reported income of $102k and spending of $76k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $102k (+101%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Florence Area Swim Club sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 43rd percentile within SC. Charities of a similar size with the same main cause include Marlboro Girls Softball Association Inc ($102k), Red Raider Touchdown Club Inc ($102k) and Um Basketball Club ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 22% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.